The US of Europe - read Graham Bishop in Financial World

Is the eurozone about to become a political union of 330 million people? The eurozone debt crisis is at a tipping point, which in 2011 could lead to political union in the eurozone. The first bond issue by the European Financial Stability Facility (EFSF) went well. But that was probably a reflection of the market assumption that the heads of government really will do whatever is necessary, as they have declared: “The euro is and will remain a central part of European integration.” Read more at